CHFA First-Time Home Buyer Loan Programs
- What It Offers: Purchase loans, down payment, and closing cost assistance through a network of participating mortgage lenders.
- Eligibility: 620 minimum credit score, complete a CHFA homebuyer education course, meet income limits, and make a minimum financial contribution of at least $1,000.
- Website: Colorado Housing and Finance Authority
CHFA Down Payment Assistance Grant
- What It Offers: Up to 3% of your CHFA 30-year mortgage amount for a down payment grant. Repayment isn’t required.
- Website: CHFA Down Payment Assistance
CHFA Second Mortgage Loan
- What It Offers: Provides up to 4% of your CHFA mortgage amount for a down payment. This second mortgage needs to be repaid but not until you sell, refinance, or pay off the first mortgage.
- Website: CHFA Second Mortgage Loan
